New Theater

The investors who own Medieval Times in Kissimmee, a dinner theater that features a jousting knights show, are buying an 800-seat theater 19 miles southeast of downtown Los Angeles.

The California theater was bought for about $9 million, according to Trip Bellows, Medieval Times' director of sales and marketing.

The theater, in Buena Park, Calif., has been closed since December 1983, following the death of its owner. The structure will undergo a renovation of its 55,000-square-foot building. In addition, towers and other additions will be made to the exterior that will give the building the appearance of a medieval castle.

Tourists will be the No. 1 market for the theater, Bellows said, with Southern California's convention market running a close second.